Ugly Reversal Erases Gains...

Just when it looked like we would have a bounce to counter last weeks negative action, the market stops in its tracks and closes in the negative, just a few points shy of its LOD. Pretty nasty is the only way I can describe it. There were very few stocks that were unaffected by today's negative action. If this is an indication of things to come, its going to be an ugly week from start to finish. Still, you have to stand your ground and roll with the punches. It is still to early to start shorting and calling tops. Right now we have to be patient and cautious and ready for whatever type of action the market brings our way....